Banks can take three steps to prepare for LIBOR’s eventual exit and ensure they incorporate the latest fallback language into their contracts.
Banks need to nail identifying a successor, crafting the compensation and retaining key executives when they transition leaders.
Appraisal management companies can help lenders facing considerable challenges managing their in-house panels, especially amid record volume.
Supplemental executive retirement plans can be a powerful and flexible tool in the hands of visionary banks.
Incorporating SOFR as the new reference rate to replace LIBOR requires banks to address documentation, systems and analytics in the coming months.
Day Three of Bank Director’s 2020 BankBEYOND experience explores how the coronavirus pandemic accelerated many of the toughest hiring and talent challenges that banks face, and what they should do in response.
Microsoft’s Sandeep Mangaraj offers his thoughts for banks seeking to meet their risk and compliance obligations efficiently and effectively.
Banks can take five steps to make their D&O renewals smoother, given that the pandemic has reduced capacity, increased rates and caused underwriters to scrutinize all new and existing business.
Banks must continue to employ a risk-based approach to combat financial crimes and should be vigilant of different types of fraud that may arise during times of economic crisis.
Regulators have issued guidance outlining their expectations for banks when it comes to credit quality, operations and working with borrowers.